b'AJOT.COMTERMINAL OPERATORS, CHASSIS MANAGEMENT & DRAYAGE 11Is a new chassis business model emerging from the launch of SACP 3.0?The chassis pool SACP 3.0 was launched in the begin-ning of October. Does this mark a new approach to managing chassis pools in the future?By George Lauriat, AJOTOctober2023beganininvested in the transportation abigwayforConsolidatedsector,thiswastheprivate Chassis Management (CCM). equity firms first plunge into OnOctober1st,CCMthe chassis business.rolledoutSACP3.0(South Atlantic Consolidated Chassish owSaCp 3.0 C aMet oPool) completing opening ofl ifethe new chassis pools stagedMikeWilson,CEOof launch. And at almost the exactCCM when queried by AJOT same time, it was announcedon the evolution of SACP 3.0 thatfundsmanagedbytheand how it fits into the dray infrastructureinvestingstrat- market eco-system, explained, egyarmofOaktreeCapitalIll have to go back to the ManagementacquiredCCMbeginning of the SACP model fromOceanCarrierEquip- (MODELcontinued on mentManagementAssocia- page 13)tion, Inc. (OCEMA). Although it isnt a well-known name outside of ocean. 2shipping circles, OCEMA isAccess to of the U.S. population within 24 hoursanassociationcomposedof. 3teninternationalcontainerA large regional distribution center networkshipping companies that cre-atedCCMtomanagetheir.disparatechassisopera- Closest East Coast port to the Midwesttions.AndtheSACPchas-sis operations fell under that. Neo-Panamax cranesscope.Consequently,the twoevents,theacquisition.byOaktree;andsecondly50- foot-deep berthsthe launch of SACP 3.0 are verymuchintertwinedina development that could well launch an industry-wide new business model for managing chassis operations.Under the SACP 3.0 agree-mentwithOCEMAaffiliate SouthAtlanticConsolidated ChassisPool(SACP),CCM willserveastheexclusive manager and sole chassis pro-viderforSACP3.0undera long-termmanagementand supplyagreement.Withthe launch,thenewlyreconsti- Go tutedchassispoolwilloffer morethan45,000newand refurbishedchassistotruck- Bigger ers,beneficialcargoowners (BCOs),oceancarriersand otherusers.SACP2.0was already one of the largest fully interoperable chassis pools ina n dthe US and includes over 75 locations in Alabama, Florida,BetterGeorgia, North Carolina, and SouthCarolinainitsopera-tionalportfolio,butwiththe new utility model, SACP 3.0 would provide a modernizedinfleet to the region. over $183BaltimoreOaktree (with billion inassetsunderman-agement) isnt the first ven-turecapitalfirmtotakean interest in the chassis or the dray business. Private equity firmshavetakenashineto logistics companies and chas-sisanddrayagefirmshave beenanaturalfitforVCs lookingtobuildtheirinfra- Marylandports.com 1.800.638.7519structure portfolio. Although manyVCshaveinvestedin the chassis dray market, andGovernor Wes Moore MDOT Secretary Paul J. Wiedefeld MPA Interim Acting Executive Director Brian MillerOaktreeitselfhadalready'